Stocks extended their short-term downtrend on Friday before bouncing off and closing slightly lower. Investors continued to take profits off the table following the two-month-long advance. Is this a downward reversal or just a correction before another leg higher?The U.S. stock market indexes lost 0.1-0.2% on Friday, as investors continued to take profits off the table following two-month-long adv...Read More
Big gains from Apple and Nvidia helped boost stocksThe Dow explored a 453-point range on both sides of breakeven, eventually settling near its session highs as an analyst-induced surge for Apple (AAPL) offset Boeing's (BA) really bad day. An unexpected rise in January retail sales and Nvidia's (NVDA) well-received M&A news only strengthened bulls' resolve, with the S&P 500 and Nasdaq spending the...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
A Boeing supplier is deep in the red today, tooThe Dow is ready to snap its five-day losing streak thanks to a big day from the tech sector. Among stocks making notable moves lower today are online family care marketplace Care.com Inc (NYSE:CRCM), aircraft components maker Triumph Group Inc (NYSE: TGI), and marijuana concern Cronos Group Inc (NASDAQ:CRON). Here's a quick look at what's got the...Read More
The two companies announced a three-year research collaborationThe shares of Seres Therapeutics Inc (NASDAQ:MCRB) are up 22.5% to trade at $6.26, after the microbiome specialist announced a three-year research collaboration with AstraZeneca (AZN) to study how microbiomes may impact the response to cancer treatments. The surge -- which has MCRB stock near the top of the Nasdaq -- has sparked unusua...Read More
Gold futures finished lower on Monday, pulling back after bullion failed to settle above the psychologically significant $1,300 mark despite a rally late last week. Better-than-expected U.S. retail sales and business inventories data, which helped provide a boost to U.S. benchmark stock indexes, also put pressure on haven gold in Monday dealings. Business inventories rose 0.6% in December, while...Read More
Gold has apparently turned the corner and we were not surprised by the upside move. However, there is more to this than meets the eye. Today, we'll interpret this upswing, the expectations it carries and set it all in the larger context. Yes, it's time to discuss the striking similarity and implications of the 2012-2013 – now link in gold. Its meaning and the likely path forward for...Read More
UDR doesn't see much action from options traders but speculators may want to take noticeUDR, Inc. (NYSE:UDR) is a real estate investment trust (REIT) specializing in luxury apartments, and its stock is up 30% in the past year. However, brokerage firm RBC set a price target of $45 on Friday, and though this is higher than its previous target of $42, it offers no upside for UDR shares, which were la...Read More
The stock just went public in SeptemberThe shares of Urovant Sciences Ltd (NASDAQ:UROV) are up 1.9% to trade at $13.30 today, after analysts at H.C. Wainwright launched coverage with a "buy" rating. What's more, the brokerage firm set a Street-high price target of $28 for UROV, representing more than double the equity's current price -- and twice its initial public offering (IPO) price of $14. The...Read More
Mike Gleason: It is my privilege now to welcome Craig Hemke of the TF Metals Report. Craig is a well-known name in the metals industry and runs one of the most highly respected websites in our space and provides some of the best analysis on banking schemes, the flaws of Keynesian economics, and evidence of manipulation in the gold and silver markets that you will find anywhere. Craig, welcome back...Read More
URGENT PAIR WTI CRUDE OIL: UPTREND 5hr CHART This week gold and wti both will be upside, while gold buy will start by taking weekly low , on the other hand wti will continue buy from the current level. 1.BUY XAU/USD (GOLD): ENTRY: 1292.07, TARGET: 1309.29/1315.29, SUPPORT: 1280.02 FXStreet Forex Interactive Chart: ULTRA SPECIFIC CETERIS PARIBUS STRATEGY: “Without strategy a...Read More
The tech concern will unveil its fourth-quarter earnings after tomorrow's closeData center concern Switch Inc (NYSE:SWCH) is scheduled to report its fourth-quarter earnings after the close tomorrow, March 12. In anticipation of this report, SWCH stock is up 2.7% at $8.29 -- set to snap a three-day losing streak. Below, we take a look at how Switch shares have been performing on the charts, and wha...Read More
Apple shares are lifting the DowStocks arehigher this afternoon, with the Dow Jones Industrial Average (DJI) in the black despite major losses for Boeing (BA) stock. Bolstering the index is FAANG stock Apple (AAPL), which is up more than 3% after a fresh "buy" rating. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also comfortably higher at midday. With a push from this mornin...Read More
Are the bulls bouncing back? Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullion and Contra...Read More
The bearish call isn't keeping DO stock price down today, thoughThe shares of Diamond Offshore Drilling Inc (NYSE:DO) have made a beeline lower since topping out above the round $20 mark back in October. And while the $9 neighborhood has served as a floor during this recent decline -- the lowest the stock ever traded was $8.78 on Jan. 2 -- Goldman Sachs thinks there's more downside to come, with t...Read More
Our Senior V.P. of Research looks at the closely watched 2,800 mark on the S&P 500Schaeffer's Senior V.P. of Research Todd Salamone stopped by CNBC's Squawk Box this morning, where he discussedthe Fed's dovish stance and why it could result in the S&P 500 Index (SPX) moving past the stubborn 2,800 mark. To watch Todd's full remarks, click on the video player below. And to stay up to date with all...Read More
Higher volatility could be on the horizon, if past is prologueThe Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) last week dropped every single session, marking the first time the indexes suffered a simultaneous five-day losing streak since November 2016, just before the presidential election. Below, we take a look at how the stock market barometers have fared...Read More
NKE stock touched a record high just last weekShoe giant Nike Inc (NYSE:NKE) is slightly elevated this morning,up 0.9% at $85.53, after Cowen and Company analyst John Kernanhiked his price target on the stock to $92 from $90. Further, Kernan explained that compared to competitor Adidas, Nike does well with its tightly controlled supply launches, which drive consumer engagement and full-price sal...Read More
Analysts set high price targets on AAPL and FB stocksFAANG stocks Apple Inc. (NASDAQ:AAPL) and Facebook, Inc. (NASDAQ:FB) received analyst upgrades this morning, and the shares of both tech companies are trading higher as a result. We'll take a closer look at AAPL and FB below. For Apple, BofA-Merrill Lynch upgraded the iPhone maker to "buy" from "hold" and boosted its price target to $210 from $1...Read More
NVDA shares have consolidated below $160 recentlyThe shares of Nvidia Corporation (NASDAQ:NVDA) are up 1.9% to trade at $153.36, after the chipmaker agreed to buy Israel-based Mellanox Technologies (MLNX) for $6.8 billion in cash, the largest deal in the company's history. Nvidia reportedly beat out rival Intel (INTC) for the bid in an effort to expand data center technology. However, the company...Read More